Retail Property (high street) for sale

296 Old Durham Road, Deckham, Gateshead, NE8 4BQ

Offers in Excess of 102 sq. m. | £80,000

Property Description

Commercial information

  • 1,107 sq ft (102 sq m)

Key features

  • Ground floor and Sub Ground Floor
  • Prominent Position
  • Window Frontage
  • Tenanted investment
  • Income of 6,500PA

Full description

Tenure: Freehold

The subject property is a ground floor retail premises which forms part of a two storey mid terrace building. Internally the premises comprises ground floor main sales area with sub ground floor comprising preparation room, kitchen and W.C. facilities. We have been advised the premises previously granted A5 takeaway use classification. The property is currently tenanted at 6,500PA.

LOCATION
The subject property is located on Old Durham Road, Gateshead. Gateshead lies approximately four miles south of Newcastle and nine miles east of Sunderland. More specifically, the premises occupies a prominent position on Old Durham Road which runs parallel to Durham Road. The area benefits from a reasonable level of services and facilities and good levels of footfall and passing trade.

ACCOMMODATION
GROUND FLOOR
Main sales area, traditional window frontage, suspended ceiling throughout along with ancillary storage to the rear.

LOWER GROUND FLOOR
Ancillary storage accommodating room for kitchen, preparation room and W.C. facilities.

We have been advised that a condition on planning is that all food preparation must take place within the lower ground floor area.

TOTAL NET INTERNAL AREA: 102.9sqm (1,107.2sqft)

TENURE
Freehold. Title number TY247050.

LEASE DETAILS
The property is currently let on a five year lease at 6,500PA.

RATEABLE VALUE
The adopted rateable value being 3,100 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
We are advised that VAT is not applicable on this transaction.

Nearest stations

  • Gateshead Stadium (0.7 mi)
  • Felling (0.9 mi)
  • Newcastle Central (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Gateshead Stadium (0.7 mi)
  • Felling (0.9 mi)
  • Newcastle Central (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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